Did you know you could receive up to $2,000 per child in tax credits this year? The Child Tax Credit (CTC) is designed to help families like yours save money while investing in their child’s future.
How It Works:
✅ $2,000 per child under 17 (up to $1,700 may be refundable)
✅ No tax liability? You may still get money back
✅ Income phase-out starts at:
- $200,000 (single filers)
- $400,000 (married filing jointly)
How to Claim the Credit:
1️⃣ File IRS Form 1040 (U.S. Individual Income Tax Return).
2️⃣ Complete Schedule 8812 (Credits for Qualifying Children and Other Dependents).
3️⃣ If you qualify for the refundable portion, the IRS will apply it to your return.
Who Qualifies?
✔️ Your child is under 17 and your dependent.
✔️ They lived with you for more than half the year.
✔️ They’re a U.S. citizen, resident alien, or national.
This credit can help you reduce taxes and free up more funds to invest in your child’s future.
Disclaimer: EarlyBird does not provide tax, legal, or accounting advice. This email is for informational purposes only and should not be relied upon as tax guidance. Please consult a qualified tax professional for advice regarding your specific situation.
This page contains general information and does not contain financial advice. All investments involve risk. Any hypothetical performance shown is for illustrative purposes only. Actual investment performance may be different for many reasons, including, but not limited to, market fluctuations, time horizon, taxes, and fees. Please consult a qualified financial advisor and/or tax professional for investment guidance.
